Johnson Controls–Hitachi Air Conditioning: Last Day To Buy Shares To Qualify
The company's board announced a dividend of Rs 15 per share with Rs 10 face value for the financial year 2024–25.
Monday is the last to buy Johnson Controls–Hitachi Air Conditioning Ltd. to become eligible to receive dividend. The company's board has announced a dividend of Rs 15 per share with Rs 10 face value for the financial year 2024–2025.
Johnson Controls–Hitachi Air Conditioning's board announced June 10 as the record date to determine shareholders eligible to receive the dividend. As India follows T+1 settlement system, anyone buying shares of Johnson Controls–Hitachi Air Conditioning on June 10 will not be eligible to receive dividend.
Johnson Controls–Hitachi Air Conditioning Q4 Performance
Johnson Controls–Hitachi Air Conditioning reported that its consolidated revenue grew 20.8% on the year to Rs 932 crore from Rs 772 crore. Its Ebitda or operating profit rose 12.6% on the year to Rs 12.6% year-on-year to Rs 91.7 crore from Rs 81.4 crore.
The company's net profit rose 14.7% on the year to Rs 56 crore from Rs 48.8 crore. However, its margin contracted 7 basis points to 9.8% in January–March from 10.5% previous quarter.
Johnson Controls–Hitachi Air Conditioning Shares Settle Slightly Higher
Johnson Controls–Hitachi Air Conditioning share price settled 0.66% higher at Rs 1,729.30 apiece on Friday. The share price touched a high of Rs 1,740 apiece.
The share price has declined 7.02% in 12 months, and 2.83% on year to date basis. Its total market-cap is Rs 4,704.02 crore.
Out of two analysts tracking the company, one maintains a 'buy' rating, and one recommends a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 12.3%.
